Across
- 5. Risk specific to a company's product, for example, poor quality, bad customer reviews, and/or out of supply.
- 8. This type of attack “kidnaps” a person’s or organization’s databases and holds all of their information hostage.
- 9. Market risk is a broad macroeconomic risk that isn't specific to one industry, for example, inflation and recessions are market risks.
- 10. The protection of networks, devices, and data from unauthorized access or criminal use, and the practice of ensuring the confidentiality, integrity, and availability of information.
- 12. The risk of a negative outcome in one's career due to action or inaction, for example, loss of income and lack of certain types of experiences.
- 14. These attacks use carefully targeted digital messages to fool people into clicking on links that will expose sensitive data.
- 16. An economic system where companies are privately-owned, versus being owned by the government, and that assumes companies are built with a purpose of creating economic value through innovation, driven by a profit-motive, and where prices are set by the market via the ebb and flow of supply and demand.
- 18. A formal proceeding in the court system that helps individuals and businesses eliminate their debts and repay their creditors.
- 19. An event occurring in nature, like a tornado, earthquake, hurricane and/or flood, that can cause great harm to people, property and businesses.
- 20. Money spent to pay for borrowed money - interest payable on loans, bonds, lines of credit; it is calculated as the interest rate times the outstanding principal amount of the debt.
- 21. When three possibilities exist – gain, loss, or no change.
- 22. Risk mitigation is a process that identifies and tracks risks, and creates a strategy to prepare for, and either lessens the impact of certain risks and threats, or enhances opportunities associated with risks and threats.
Down
- 1. The risk associated with poor decisions made by managers of the company.
- 2. Predicting outcomes of a decision by creating and changing a certain range of variables and calculating how changes in one variable affect the outcome of the whole.
- 3. The chance that a set of factors within an industry drags down the industry’s overall performance, for example, increased taxes or tariffs on the automobile industry may adversely affect the sales and profits of the automobile producers.
- 4. Software that is specifically designed to gain unauthorized access to a computer or digital system or network for the purpose of disrupting, damaging, or destroying it.
- 5. Also known as absolute risk, is when two possibilities exist – loss or no change.
- 6. A contractual agreement whereby the insurer collects a premium from the insured in exchange for the reimbursement, or a predetermined payment, for future loss by the insured.
- 7. An estimate/projection of future revenues, expenses, net income, and capital needed to fund the company’s operations.
- 11. Occurs when a country experiences temporary economic decline, usually measured as two consecutive quarters of decline in GDP.
- 13. Someone who identifies an opportunity by creating a solution to a problem, starts a business, assumes the personal and financial risk (and rewards) of the venture, and strives for constant improvement in an effort to grow the business and improve society.
- 15. The increase in the general level of prices in an economy.
- 17. The risk that financial stakeholders will lose money.